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    321 W Fayette St Syracuse, NY 13202

    For Sale
    $650,000

    Income-producing mixed-use property with bar and SRO units.

    Lot size:
    0.05 Acres

    Property Features for 321 W Fayette St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1820

    Source: Rooftop Realty Group LLC Agent Jacob Kippen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Syracuse

    Located in Downtown Syracuse, this mixed-use property at 321 W Fayette Street features a long-established bar on the ground floor. The bar benefits from steady foot traffic and a loyal customer base. The second and third floors house 20 single-room occupancy (SRO) boarding rooms. These rooms share common bathrooms and are suitable for workforce or transitional housing. The property provides consistent rental income and cash flow.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Penny Pub Bar

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Signature Music Camp, Shaughnessy's Irish Pub, Cavalier Room, Ale 'n' Angus Pub, Salt City Coffee and Bar

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1562484
    Latitude
    43.0486079

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    FAQs

    What type of property is this?
    Bar - Income-producing mixed-use property with bar and SRO units.
    Where is this bar located?
    The property is located at 321 W Fayette St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Income-producing mixed-use property.; - Located in the heart of Downtown Syracuse, near Armory Square.; - Ground floor houses a long-established Syracuse bar with steady foot traffic.
    (315) 744-4043
    Request Owner's contact information
    321 W Fayette St Syracuse, NY 13202
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    Syracuse, NY 13202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 W Fayette St Syracuse, NY 13202
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